Recent Transactions and Current Deals On The Market
Data Sources and Methodology
- Data obtained from PLS and filtered to show relevant transactions and current deals on the market.
- Select active deals or previous M&A activity in the map.
- Table includes current deals.
Select Highlights
- Three Rivers Operating III (Riverstone backed) recently divested it’s ~60,000 acre position in Culberson County.
- Riverstone stated they received a ROI of ~2.2 from its initial investment of ~$94 million which represents total proceeds of ~$205 million.
- The total price paid is currently unknown.
- Rumored buyer is Admiral Permian (ex Reliance) which received an equity line of $600 million from Pinebrook in March of 2017.
- Announcement was somewhat surprising as well results in the area have been underwhelming.
- Bloomberg reported that Shell is potentially interested in acquiring BHP’s Delaware Basin assets.
- “BHP has good assets that overlap our own acreage in the Permian, and may be interesting for us.”